Amgen may rise to 356.00 - 362.00

Our pivot point stands at 323.

Our preference

The upside prevails as long as 323 is support.

Alternative scenario

Below 323, expect 314 and 308.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 318.57 and 311.3686).

Supports and resistances

368 **

362 *

356 **

351

330.97 (USD-last)

327

323 **

314 *

308 **

Number of asterisks represents the strength of support and resistance levels.